The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics
Allwork
AUGUST 24, 2023
Vacancy rates rose at about 13 percent since 2019 , which is driven by the work from home shifts that affected finance, professional services, technology, and other industries common in Manhattan and the surrounding boroughs. Institutional investors have specific fund goals and ROE (return on equity) objectives based on their fund formations.
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